Despite concerns over the euro-zone economy, demand in the region is helping to drive up the price of tin with both European and Japanese buyers dominating the market.
An increase in shipments of Indonesian refined tin exports reported in April was partially the result of a return to more favorable weather conditions from the first three months of this year.
As with other industrial metals, the spot price of tin is correlated with inventory levels on the supply side and the global economic recovery on the demand side. Over the last year the spot price of tin on the LME has moved from an average price last April of US $12165.8 per tonne to a current valuation of US $18695 per tonne, a gain of almost 54 percent.
Thursday, November 5, 2009
Cadbury has abandoned its tin cans for cardboard boxes, in an attempt to go green this Christmas. Could this prove to be the death knell for the tin industry?
Monday, October 26, 2009
Tin mining is to make a triumphant return to Cornwall as part of a landmark scheme which will create 1,000 new jobs and see vast swathes of land turned over to housing and employment. Western United Mines has sealed a deal that will bring mining operations back to life.
Consolidated Tin Mines (ASX:CSD) reports its activity update as well as its recent Scoping Study results.
The scoping study for the Mt Garnet tin project demonstrates the economic potential of the project.
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Tin, this year’s best performer on the London Metal Exchange, is expected to rise as much as 21 percent to $21,708 a metric ton in the next few months, according to technical analysis by Sucden Financial Ltd.
Csdtin.com reported Tin Looking Bullish, Steel To Improve, Plus Production Report Surprises:
Adex Mining Inc. (TSX VENTURE:ADE)announced that Michael M. Boyd has been appointed a director of the Company, subject to regulatory approval.
Nortec Minerals Corp. (TSX VENTURE:NVT)(PINK SHEETS:NMNZF)(FRANKFURT:WMQ)announced that Mohan R. Vulimiri, Executive Chairman and CEO met with the Vice-minister for Non-renewable Natural Resources, the General Manager, and the technical, legal, and social executives of the newly formed National Mining Corporation (ENAMI) on June 8, 2010. Nortec submitted a formal business proposal to the General Manager of ENAMI, Mr. José Cisneros on June 11, 2010.
Nortec Minerals Corp. (TSX VENTURE:NVT)(PINK SHEETS:NMNZF)(FRANKFURT:WMQ) reported that drilling has begun on the Seinäjoki Gold Project in western Finland.
Gippsland Limited is an Australian based international resource company. Their focus is to find projects that have had detailed historical analysis, which may have been overlooked by major resource groups. Currently, their main projects are the Abu Dabbab and the Nuweibi tantalum projects, located in Egypt.
Adex Mining Inc. (TSX VENTURE:ADE) provided an update on its tin, indium and zinc bench scale test project being carried out by SGS Lakefield Research Limited of Lakefield, Ontario to evaluate the production of tin concentrate and zinc-indium concentrate from the North Zone at Adex’s wholly-owned Mount Pleasant Mine Property, located in southwestern New Brunswick, Canada.
Nortec Minerals Corp. (TSX VENTURE:NVT)(PINK SHEETS:NMNZF)(FRANKFURT:WMQ) reported will conduct a non-brokered private placement of up to 6,250,000 units at a price of $0.12 per Unit to raise total gross proceeds of up to $750,000, with an oversubscription clause of a further $187,500 funding comprising 1,562,500 units.
Indonesian government plans to stop small business miners in its main tin-producing Bangka-Belitung island for the next four years due to damage on its 657,510 hectares of forest areas in Bangka-Belitung.
Governor Eko Maulana Ali is quoted saying:
“Traditional Tin mining has been expanding. Farmers and fishermen have now switched to mine Tin.”
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Thursday, July 8, 2010